BTC and the overall market continue to consolidate, while other mainstream coins take turns experiencing short and significant rises. However, they are still far from the positions before the recent plunge. What will happen next? Will it break upwards or could there be a significant pitfall? Reviewing this, this video serves only as personal reflection and does not constitute any investment advice.

First, the conclusion, followed by news and technical analysis:

Regarding BTC: It is predicted to consolidate between 94000-99000, and there has not been a new trend yet. In terms of trends, there is a chance for a slight rise, but due to the high nominal amount of the maximum pain point at the end of March, the closer it gets to the end of March, the greater the risk. Based on the previous market makers, there will definitely be an opportunity to pull back at least once.

Regarding BNB: It is expected to consolidate between 640-690. BNB has corrected and returned to its original trend. This movement is very similar to Solana's previous rise due to USDT's surge, so the exchange will likely smooth out the short-term gains due to the hot topic within a few days, which makes me less optimistic about ETH's upgrade.

Regarding ETH: It is expected to fluctuate around 2400-2800, with only ETH not breaking out of the weak RSI range, indicating how weak it is.

Dogecoin, Solana, XRP, and USDT mainly trend in accordance with Bitcoin's fluctuations and then take turns experiencing significant rises, especially USDT has risen significantly in the past few days. Be cautious not to chase the highs; for any significant surge, gradually convert some back to BTC to ensure profits and reduce risks.

Altcoin Season Index: This index shows that in the past 90 days, about 40 projects among the top 100 by market cap have outperformed BTC, indicating that altcoin sentiment is recovering.

In terms of news, Ray Dalio, the founder of Bridgewater Associates, talks about BTC and gold: Ray Dalio mentioned the trend of currency devaluation in a podcast, stating that hard assets like gold and BTC appreciate relative to fiat. He holds some BTC but is more optimistic about gold because gold is difficult to regulate and tax, whereas BTC is easier to regulate. Google allows cryptocurrency ads in the UAE: Google announced that starting February 26, it will allow compliant cryptocurrency exchanges and wallet advertisers in the UAE to run ads. Argentina's president deletes tweet: Argentine President Javier Milei deleted a tweet supporting private projects, stating he did not understand the details of the projects, decided not to promote them further, and opposed political groups using this to cause harm.

Next is the technical analysis:

1. From BTC's candlestick chart, the daily line is still in a box pattern, and the weekly line currently looks like a head and shoulders pattern. If it is, it may mean that the next wave of increase is not far away, but it may not be able to break the previous high.

2. Greed and Fear Index Observation: Currently at 50, which is in the neutral range, confidence is gradually recovering.

3. BTC perpetual contract funding rate is 0.0057%, while ETH is 0.0037%, which has not yet returned to the normal bull market level.

4. Observing the maximum pain point of options for the next three months, within the next three days at 97000-98000, the impact is not significant, but at the end of March, there is a maximum pain point with a nominal amount of 10.4 billion at 85000 that needs attention.

5. Spot ETF Observation: Yesterday, BTC decreased by 731, ETH decreased by 4374, and throughout February, the total amount of ETH ETFs has increased.

6. According to the RSI (Relative Strength Index), 24-hour indicators: Litecoin is in a strong position, BNB is in a strong position, BTC, USDT, Litecoin, Solana, XRP, and Dogecoin are in a neutral position for 24 hours, while ETH is in a weak position for 24 hours. Most other major and altcoins have dropped to neutral and weak positions, market sentiment is gradually recovering, but overall selling pressure is still not high.

7. According to the peak escape index, it is currently in a moderately low position.

8. The BTC hoarding index is at 1.20, which is basically suitable for regular investment and hoarding.

Currently, any non-BTC that rises is gradually being converted into BTC in multiple rounds to reduce risks. The concern is that during a sharp decline, it could erase the gains from the past few days. Convert some to BTC; if the original coins drop back to their original positions, you can use BTC to exchange for more mainstream and altcoins.